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Cremorne
AREA REPORTS

Cremorne

Cremorne - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2090

house
unit

CREMORNE, 2090 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling CREMORNE, 2090 values up and netting property investors a capital gain of 16.42% for the past year.

Investors saw the median home price rise to $3,900,000.

Profits due to an upward trend in home prices in the suburb averaged 9.29% per annum over a 3-year period.

CREMORNE now ranks at the 1429th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in CREMORNE are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $1200 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In CREMORNE, homes and units usually stay on listing for an average of 37.5 days.

In 2016, 66 properties were sold in CREMORNE during the past year, making it the 1191st most active market in NSW based on total real estate transactions.

Data report can be found below

Cremorne
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $3,900,000 $1,290,000
GROWTH REPORT
Median Quarterly 0% 0.58%
Median 12 month 16.42% 10.26%
Median 3 years 27.87% 12.17%
Median 5 years 67.74% 19.99%
10 years average annual 10.31% 6.9%
Weekly media advert. rent $1200 $600
Time on Market 37.5 days 47.4 days
Gross Rental Yield Percent 1.6% 2.42%
demographics (median values)*
Total Population
13724
Weekly Household Income
2367
Household Size
2.10
Age
39
Monthly Loan Repayment
2600
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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